What is demand function?


Demand function: Demand function is a function which shows the relationship between demand and other factors like price, income, taste, habits etc.
                          Qd = f(p,y, H, T, Ps,Pc )



           Where,
                         Qd = Quantity of good                        T= Tast

                         P= Price                                  Ps= Price of substitute goods.

                        y= income                               Pc= Price of complimentary goods.


                        H= Habit.

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